UAE-based Meraas has unveiled plans for Central Park at City Walk, an exclusive residential neighbourhood which will surround a 40,000-sq-m private park in Dubai. Spread over a 230,000-sq-m area, it will include 12 terraced mid-rise buildings.

With a 12 per cent decrease from 2017 to 2018, registered property companies have continued to exit the market as stronger players emerge with a focus on customer service, data, knowledge and information, said a report.

Honeywell, a global technology company, has signed an agreement with Egypt’s Administrative Capital for Urban Development (ACUD) to deploy its state-of-the-art public safety and security infrastructure at the country's new administrative capital.

Al Seef, a modern touristic destination in Dubai designed by international architect 10 Design, has been shortlisted as one of the four finalists at this year's Mipim Awards in Cannes, France under the Best Mixed Use Development category.

The Saudi government has officially launched work on two terminals at the King Khalid International Airport in Riyadh at an investment of SR2.21 billion ($589 million). On completion, the airport will accommodate 11 million passengers annually.

Flatiron Construction Corp., one of the largest infrastructure contractors in North America, has been named apparent low bidder on the Redlands Passenger Rail project in San Bernardino County, California.

Alstom, a global leader in power generation and rail infrastructure sector, will be showcasing its breakthrough technologies such as TrainTracer, Healthhub, and Iconis Security at the upcoming Middle East Rail 2019 expo in Dubai.

BULLET TRAINS AT 1,000kmph
The UAE’s National Advisor Bureau has announced its latest futuristic project which aims to connect the UAE and other GCC states for the first time with Mumbai, India, via a subsea tunnel and an ultra high speed 1,000 km/hour subsea railway line.

Dubai Investments Real Estate Company (DIRC) has announced that 25 per cent of the work has been completed at its new residential tower coming up within the 38,917-sq-ft Al Barsha 1 development and is on track for completion this December.

NEW FIRM ACQUIRES DUBAI GROUP
Leading UAE industrial investment company Senaat said it has reached an agreement with Spanish group Tubacex to set up a new joint venture that will manufacture stainless steel and high-alloyed tubular products (tubes and accessories).

ENBD REIT, a UAE-based shari’a-compliant real estate investment trust, has announced plans to introduce a share buy-back programme, as part of its strategy to add value to shareholders holding equity at the current discounted share price level.

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UAE-based Meraas has unveiled plans for Central Park at City Walk, an exclusive residential neighbourhood which will surround a 40,000-sq-m private park in Dubai. Spread over a 230,000-sq-m area, it will include 12 terraced mid-rise buildings....

Since its establishment 27 years ago, leading Bahrain-based building and civil engineering company Cebarco has evolved from a ...

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